James Monroe III - 29 Aug 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director, 10%+ Owner
Signature
/s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
Issuer symbol
GSAT
Transactions as of
29 Aug 2023
Net transactions value
+$4,762,369
Form type
4
Filing time
31 Aug 2023, 18:02:07 UTC
Previous filing
05 Jun 2023
Next filing
07 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Purchase $512,369 +451,586 $1.13 451,586 29 Aug 2023 Thermo XCOM LLC F1
transaction GSAT Voting Common Stock Purchase $4,249,999 +3,745,813 +829% $1.13 4,197,399 29 Aug 2023 Thermo XCOM LLC F2
holding GSAT Voting Common Stock 197,139,972 29 Aug 2023 Thermo Funding Company
holding GSAT Voting Common Stock 6,115,790 29 Aug 2023 By Thermo Properties II, LLC
holding GSAT Voting Common Stock 640,750 29 Aug 2023 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 875,540,711 29 Aug 2023 Thermo Funding II LLC
holding GSAT Voting Common Stock 3,000,000 29 Aug 2023 Monroe Irr. Educational Trust
holding GSAT Voting Common Stock 200,200 29 Aug 2023 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 618,558 29 Aug 2023 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 626,930 29 Aug 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired by Thermo XCOM LLC in consideration for its release of debt owed by XCOM Labs, Inc ("XCOM").
F2 Represents shares purchased from XCOM in a private placement in connection with the Intellectual Property License Agreement and other transactions disclosed in the Form 8-K filed with the Commission on August 31, 2023.